It has been said that trust is the real flaw of the banking system. Inevitably counterparties must outsource their trust in each other to the bank as an intermediary, and with recent headlines, we can see that consumer confidence in banks is weakening.
Finance
Botkeeper Raises $25M to Automate Bookkeeping for Accountants and Mid-Size Enterprises
Like most industries, accounting is beginning to embrace automation that allows team members to focus on high-value tasks; eliminating the time spent on repetitive and manual items. Botkeeper provides automated bookkeeping support to accounting firms and businesses using AI, machine learning, and vetted accountants. CEO and Cofounder Enrico Palmerino shares some insight into the company’s recent funding round from notable investors that include Point72 Ventures, Greycroft, High Alpha Capital, and Gradient Ventures and how the company’s solution allows businesses and accounting firms to reclaim time – the one commodity that none of us are getting back.
As the Working Class Struggle, Blockchain and Decentralized Systems Offers a Plausible Solution
Blockchain makes banking and financial services more accessible. Anyone with a mobile phone can create a secure account. With recent data from the World Bank revealing 1.7 billion adults globally have no access to a bank account – but two-thirds of them own a mobile phone, blockchain can fill this void.
The World’s Falling Apart, What Are You Going To Believe In?
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]
3 Mindset Shifts To Prepare For The Transformative Power Of Blockchain And Emerging Technologies
Do you remember when MapQuest first hit the scene in the late 90s? It blew people’s minds that they could print out directions for getting anywhere they wanted to go. To be sure, making a map digital and interactive was a huge step forward, but it was a linear, incremental way of thinking. This fact […]
What is Bitcoin?
As Bitcoin starts to gain the attention of the broader population again, we continue to struggle as an industry to define what Bitcoin is in a way that’s accessible to most people. I recently attended a Bitcoin 101 class taught as part of the grand opening of the awesome Bitcoin Center Miami. It’s a great way to help […]
The Three Different Bitcoins
For most, Bitcoin remains an enigma. I think part of the difficulty in understanding Bitcoin is that it’s not just one thing. Bitcoin can be many things, depending on how you look at it. Depending on the prism you look at the world throug
Facebook is Dying, Libra Won’t Save It, and Wall Street is Clueless
I was the first person to call Mark Zuckerberg in 2004 and offer to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on a Tumblr blog, with a $100 billion five year price target (it was actively trading in the private markets at […]
Bitcoin : The Worlds Best Store of Value, 2024 Price Target = $50,000
Target Price = $50,000 (assumes $1 Trillion valuation and 20,000,000 BTC, fully diluted) I’ve been around the block. In the 90s I was an equity analyst following media companies at Goldman Sachs. I loved it. But the internet came calling, and I jumped in. After my 2nd company, I became an angel investor and then a VC. […]
Why The Facebook Coin Could Be A Watershed Moment In Crypto
While I focus on crypto, I’ve written a lot about Facebook over the years. I was the original Facebook bull following the publication of the first Wall Street style research report on Facebook in March of 2010. In April of 2017, I started writing about “The Profound Implications of Five Increasingly Dominant Tech Companies” (Facebook, […]